Fight to the third generation

Many of the companies he holds are constituent stocks of the Shanghai Composite Index.

They have been suppressed by a large number of sales orders recently, so it is strange that the index looks good, but it is impossible to say that Su Yehao's reduction of 70 billion yuan in holdings will have much impact.

If he really listened to Feng Tiancai's "slander" and stood up and said that he was pessimistic about the prospects of the mainland stock market, then the probability of a decline would not be twenty or thirty points, but two or three hundred points.

However, in that way.

Although the bubble will be suppressed, the stockholders will not feel that Su Yehao is doing it for their own good.

On the contrary, I feel that once he is about to succeed, his bones will be exhausted, and he will kick others into the pit after making money himself, which is particularly offending.

So even if Su Yehao really wanted to explain the reason for his cashing out, he would not publicly stand up and express his opinion in person. An unknown fund manager would do the same to explain a few words.

The China Securities Regulatory Commission sent someone to question him by the way, also in order to reduce the impact and avoid further troubles.

heard.

Su Yehao sat calmly, shook his head and said:

"I think there is a bubble in the stock market, and I am worried that the value of assets may fall. This is why I choose to wait and see. You can rest assured that money will return to the market, but not now. As the owner of an asset management company, I want to be honest. My clients are in charge, I've asked my people to slow down the reduction in order to mitigate the impact on the market, until now it's normal, isn't it?"

"...Is it normal? There is nothing on the surface, but it is rumored to be crazy in private. Many people cash out with you."

"That's not my message. I hold a huge amount of locked-up shares. It doesn't do me any good if the market goes wrong."

Pretentiously sighing, Su Yehao continued:

"The reduction of state-owned shares is the news that you released to avoid further overheating of the market. I can only say that the news came out a bit late, and the bubble is already there. The average price-earnings ratio exceeds 45, which is considered high risk, and the average price-earnings ratio of A shares has already Over sixty, if I don’t cash out, I’m worried that investors will throw me into Victoria Harbour.”

Speaking of this, Mr. Wang smiled awkwardly. There was really no excuse to stop Su Yehao from cashing out.

It cannot be said that in order to maintain market stability, please stay still and wait for the market to enter the downward channel. As an investor, it is Su Yehao's freedom to reduce holdings and the like.

Speaking of the bad news about the reduction of state-owned shares, it has been brewing since last year, and it is necessary for all state-owned companies to reduce their shareholding ratio to less than 51%.

The impact of this on the market is equivalent to... the opening of the museum's warehouse to sell to the outside world, which in turn has a devastating effect on the art trading market. It is a huge bad news, and many assets will inevitably be reduced.

Just as Su Yehao guessed, the mainland stock market has been bullish for five years, and now the sword is hanging over the stock market, partly to avoid further expansion of the stock market bubble.

Investors don't care about this, as long as the bubble doesn't burst in their own hands, they hope that the bubble will be as big as possible.

However, the entire A-shares have a volume of more than 4 trillion yuan, and the outstanding shares are as high as more than 1 trillion yuan. When the bubble grows bigger, it will have a severe impact on the economy, and it has reached the point where it has to be controlled.

Seeing that Mr. Wang had nothing to say, Su Yehao took the initiative to say:

"It's difficult for me this time too. To help clients manage their finances, you have to consider the risks. Don't worry, the money I cash out will be bought into bonds to hold it first. When the time is right, it's okay to hold some state-owned stocks and the like. At the beginning I said After three years of financing 600 billion yuan, I have already invested more than 100 billion yuan, and everyone in Hong Kong knows that I am the most trustworthy."

aside.

Zheng Yongwen blinked his eyes.

While smoking a cigar, he wondered why he hadn't heard that he was the most trustworthy person in Hong Kong.

I still remember that Su Yehao mentioned before that he wanted to help set up an affair with his aunt, but in the end, he just let it go like a fart...

Chapter 792 Soft landing is easier said than done

Originally, the north was worried that something would happen, so he took the opportunity to send someone over to ask Su Yehao, wanting to make it clear in person.

I learned that I just felt that the market value was inflated and the assets were in a bubble, so I reduced my position and waited and watched... There is nothing to talk about.

With an average price-earnings ratio of just over [-] times, anyone with a discerning eye can see the risks.

Since the beginning of this year, some experts have even called out that the mainland stock market is not reasonable enough, and they want to abandon it completely, and create a perfect stock exchange market.

He didn't even bother to do a big blood change, sewing and repairing, so it can be seen that there are indeed many problems.

Whether there is a problem in the market, Mr. Wang, an insider, can't figure it out. After listening to it, he immediately knows that there is no way to make Su Yehao change his mind. He can't know that the market may fall, and let him wash the wool and wait to be squeezed. It is absolutely unreasonable. .

then.

Mr. Wang just sighed and said:

"I understand what you mean, Mr. Su. The overheating of the market should be taken seriously. We will formally send a letter in accordance with the exchange process. I hope your company can make a formal response, but don't make too much noise. If there is a way to let A soft landing for the market would be great, and the immediate priority is to prevent the market from overheating further."

"Soft landing... is not easy. I admit that some companies have great investment potential. As long as they develop fast enough, they can quickly smooth out the bubble and turn unreasonable false highs into reasonable values."

Su Yehao smacked his lips, then sighed and said:

"However, there are a total of more than 1000 listed companies in the mainland. It is impossible for them to be good companies. There must be a lot of bubbles."

"With them adding to the chaos, even if I think the companies I invest in have great potential to soar, I will still be dragged down and accompany them to plummet."

"I don't care. I have to wait patiently. Investors in 5S asset management companies don't think so. This cash out is mainly to prevent investors from open-end funds from redemption after the market falls. As a pilot company One of the related risks should also be notified to several other fund companies..."

As the initiator of an open-end fund, Su Yehao needs to be responsible to investors. He worries that investors are not rational and lack a deep understanding of the risks of the fund industry.

The so-called low risk of funds is only compared to other investment methods with higher risks. Under his influence, the total size of the mainland fund industry has exceeded 300 billion yuan, and countless families are involved behind it.

Even if the fund companies diversify their investments and reduce some of the risks, the entire market will plummet, which means that the basket table has collapsed, and who can really survive.

5S asset management companies have reduced their holdings on a large scale. As the manager, the China Securities Regulatory Commission is a process to publicly send inquiries. It is also necessary for 5S asset management to respond within the specified time and give investors an answer.

Considering the severe market situation recently, if the 5S asset management company gives an explanation, it can also play a role in curbing the further overheating of the stock market to a certain extent.

But in this way, the 5S asset management company's secret cashing out will naturally not be able to hide it.

From receiving the inquiry letter from the China Securities Regulatory Commission to giving a reply, there was a time lag. It is estimated that RMB 20 billion can be cashed out. Anyway, more than RMB 70 billion has been cashed out. The 5S asset management company has sufficient funds and has basically put the risk When it got down to a controllable level, Su Yehao felt that there was no major problem.

When it comes to the mainland stock market, the situation is indeed dangerous now.

At the beginning of the year, the market was as high as 2077 points, and now it has further risen to 2210 points. Even if it returns to last year's point, it indicates that it will drop by at least 20% to 30%. The key is that there is no way for a soft landing, and Su Yehao can't do anything about it.

……

After a brief communication.

After sending Mr. Wang away, Zheng Yongwen came to sit on the sofa and told:

"The mainland is likely to open up new channels in the short term to clear the way for foreign companies to buy shells and go public. Your family's Four Seas International has not been listed for a long time. Maybe you are waiting for it?"

As the CEO of the Hong Kong Stock Exchange, Zheng Yongwen certainly hopes that more outstanding companies will be listed on the Hong Kong Stock Exchange.

Su Yehao heard what he meant, shook his head with a smile and said:

"No, I have never heard of buying a shell to go public. Could it be that Cosmopolitan International doesn't have the strength to go public directly? Don't beat around the bush and inquire with me. The only reason why Cosmopolitan International Group is not listed is that there is no need to go public for the time being." .I gave my dad a sum of money to run the chain shopping center business. If the average investment in a shopping center is 5000 million RMB, [-] to [-] stores will be opened soon. After the scale is formed, the company It will also become more valuable.”

"I almost forgot, count the cash in your hand now, you are powerful, you don't even care about the financing money."

Zheng Yongwen had the final say, and then asked: "On average, a shopping center only needs 5000 million RMB? It shouldn't be. How can it be so cheap?"

"I'm just talking about the shopping center itself. The complex must have more money than that. Four Seas International is like a small treasury in my family. I store some idle funds in it and turn it into real estate for long-term holding. Even if I don't do anything in the future, I will collect rent every year. There are dozens or tens of billions of Hong Kong dollars, isn’t it cool?”

Su Yehao has few pursuits in the rest of his life, and collecting more rent than Wheelock Group is one of them.

Harbor City Wheelock Group is the parent company of Wharf Group and Wheelock Properties. The famous Harbor City is in its hands. Although the chairman's personal wealth is not as high as Su Yehao, it is easier to earn money than him , are basically some real estate invested in the early years, just busy with management and rent collection.

On the other hand, Su Yehao has entered several highly competitive fields. He used to spend a few minutes looking at his financial accounts every day, but now he spends two or three hours a day on business on average, and he often travels for errands.

Of course.

Hard work pays off. Wafer foundry, black diamond mobile phones, and many other investment projects are only seeds in incubation for the time being. As long as they can slowly form a scale and develop smoothly, the total market value of the five Wheelock Group Added together, it may not be as valuable as the Apple stock that Su Yehao just won.

The 10.2% Apple stock acquired from Kingdom Holdings is just the beginning. Goldman Sachs has found two more institutions willing to sell Apple stock, which together account for about 4.4% of the total equity. As long as there is enough cash, it will be sooner or later thing.

Seeing that the Su family's business is getting bigger and bigger, Zheng Yongwen has long been unable to see through Su Yehao, and said with a smile:

"I don't care whether you collect the rent or sell it. Anyway, if your company goes public, you can only choose the Hong Kong Stock Exchange. As a shareholder, don't turn your elbows out. The newspapers say that you have made a big fuss in Silicon Valley and spent several consecutive dollars. After the launch of the poor Science and Technology Innovation Board, even a core enterprise to support the market cannot be found, your Google..."

"Don't play Google's idea. Even if I am willing, other investors will probably not agree. When the time comes, it will depend on the situation and give priority to the Science and Technology Innovation Board of the Hong Kong Stock Exchange, okay?"

Su Yehao got up, stretched his waist, and said lazily:

"You go ahead, I'm going to find my girlfriend, life in the mainland stock market is hard, don't be too busy watching the excitement, hurry up and check for gaps."

Zheng Yongwen nodded, jokingly said: "Good boss, you are one of the major shareholders, you have the final say..."

Chapter 793 "Men X"

I bought two snacks and fruit tea and went to visit Tianyu Entertainment.

When Su Yehao came to the office, Nangong Tian was sleeping soundly on the desk, her saliva dripping down her arms, while Jiang Yu was thinking hard about the puzzle, there were more than 5000 pieces, enough for her to spend a long time time.

Glancing at his watch, it was almost eleven o'clock in the morning.

Su Yehao reached out and tapped Jiang Yu's forehead, and said, "I thought you were working hard all day long, one of you was sleeping, and the other was doing puzzles. I've caught you being lazy."

Jiang Yu was having a headache, so he just took advantage of the situation and threw the puzzle in his hand on the table, wiped his hands and replied:

"I've already finished my work. It's Nangong who wants to wait for you for lunch. There is a new Thai restaurant near Lan Kwai Fong. I heard that the grilled prawns are very delicious. There are also mantis prawns that are longer than my arm."

The name of the mantis shrimp is a bit indecent, but it is actually the Pippi shrimp from the mainland. The super-sized Pippi shrimp can grow up to [-] to [-] centimeters. They tasted it when they went to Thailand.

When Jiang Yu was speaking, Su Yehao had already walked to the desk next to him and pinched Nangongtian's nose.

After the girl woke up, she was still in a blinded state. It took a while to realize that there was saliva around her mouth. While wiping it off with a tissue, she said, "What time is it when you're done?"

"Hurry up and pack up, let's try some Thai food, so you don't stay up late to watch dramas last night, you know you will be depressed."

After Su Yehao taught Xiao Nizi a lesson, he picked up the documents on the table and looked at them.

Inside is the production plan of "Marriage Proposal" and "Incoming Call from Time and Space". The filming location is in Hong Kong City, which saves a lot of trouble.

In addition, there is also the film outline of "Cohabitation in Time and Space". In order to make Tianyu Entertainment cater to the preferences of the younger generation of audiences, the film and television projects that have been approved are mainly ingenious time-travel dramas and youth romance films.

Besides.

There is also the recent arrangement of the female emperor group, which will hold a tour concert in more than 30 cities in China and around Asia.

The big movie "Boys Over Flowers" created by the original crew has also begun to find someone to write the script. The main content is that a group of people travel to Japan, accidentally get involved in a dispute, and join hands to rescue the heroine, which has the meaning of investigating the case.

Sure enough, this is the project that the screenwriters of Hong Kong City are best at.

Although Su Yehao thought it was a bit weird, he couldn't think of a better way, so he just let them mess around. It was just a one-shot deal, and he didn't plan to make a sequel, so just don't lose money.

Come to the parking lot.

Not long after getting in the car, Xiao Nizi seemed to have just woken up. She suddenly thought of something and said to Su Yehao, "By the way, Brother Hao, I received a document from your assistant's office this morning. The copyright you and Jiang Yu planned to buy when you went to Los Angeles , Some of them have already been investigated and found out where they are.”

Su Yehao looked at her and asked, "Go on, what are the prices?"

"...I didn't look carefully, they are all strange names, such as Iron Man, Captain America? Captain America?"

"..."

With a speechless face, Su Yehao said to her:

"If you don't know how to translate, don't translate it blindly. You can cheat the box office of [-] million US dollars into [-] million Hong Kong dollars. You can translate them into Iron Man and Captain America, which will sound more upscale."

English translation into Chinese is indeed a bit particular, and the same is true for personal names, such as Dick, which actually means "Little Ding Ding".

For a movie, how to translate is more important. The Chinese titles of many Hollywood movies have nothing to do with the English titles. Take "This Killer Is Not So Cold" as an example, the title itself is only "Leon". .

Xiao Nizi didn't have a deep understanding of it, so she relied on the literal translation in English, so it's normal to make jokes like Iron Man and Captain America.

"Iron Man... Your translation really sounds better, but how did the Captain of Captain America come about? Shouldn't it be translated as Colonel, Captain or something like that?"

It was Jiang Yu who asked the question.

Donghuang Rose Middle School adopted bilingual teaching when they were very young, and they also had to take another language as an elective.

Su Yehao may be better than them in solving the questions, but when it comes to spoken English, it has always been his weakness.

Even after three or four years of training, Linda Yun is often used as an interpreter when going out to discuss business. This is one of the reasons why he doesn't like to have too much contact with foreigners. He chooses to use email to work at home, at least he can use translation software.

After listening to Jiang Yu's question, Su Yehao only replied: "The current technology is not mature enough. I plan to wait a few years before investing. By then, the inland market should have been cultivated. The name needs to avoid many restrictions in the north, so I think the team leader should be used. It's better to call that manga character."

The little girl sitting on the left immediately took his arm and flattered him, "As expected of Brother Hao, we only thought about the height of one floor, but you can think about seven or eight floors, and you have even considered things so far away." .”

The corners of Su Yehao's mouth twitched, and he continued to talk about business: "Don't interrupt, why didn't you say anything in the office before, didn't you remember anything after reading the email? There is always an impression of how much money it is, it is very important to the development of Tianyu Entertainment, it can make You are on a fast track to development."

Thinking about it carefully for a moment, Xiao Nizi replied: "It seems that the price was not written, but the email mentioned that 21st Century Fox is preparing to shoot a movie called "X Man", which belongs to the superman type."

"...It is also one of the important copyrights of Marvel. Hasn't the filming started yet, and the project has just started?"

Of course Su Yehao knew that this was referring to "X-Men", and he had the impression that it was filmed very early, but he didn't know exactly which year it was. He only remembered that Wolverine was too old to shoot, and he used a farewell battle to announce the end of the series .

Jiang Yu interfaced and said: "Let's check it out and find out. Let's talk about it when we return to the company in the afternoon. You ask us, how do we know this? Boys like these weird movies."

……

Thai restaurant not far from Lan Kwai Fong.

After arriving at the destination, I found that there were quite a lot of customers for lunch, and there were no private rooms.